Even a tough Friday is the right day for Mondi

Mondi cardboard recycling from co media gallery 575x375
By Jon Hay
27 Mar 2020

Mondi, the paper company based in the UK and Austria, raised €750m on Friday to refinance its €500m bond maturing in September, and put some extra cash by in case of trouble, with a bond issue that it went ahead with on a down day for equities, even as some other companies opted not to issue.

“It’s been good to get a transaction away this week,” said James Paterson, group treasurer at Mondi in Addlestone, Surrey. “We’re pleased with the very successful transaction we got.”

Rated Baa1/BBB+, Mondi is one of the strongest credits in its industry, but its business could be affected by ...

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